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Does a Regional Trade Agreement Lessen or Exacerbate Growth Volatility? An Empirical Investigation
Kpodar, Kangni - 2015
This paper assesses how regional trade agreements (RTAs) impact growth volatility on a worldwide sample of 170 countries with data spanning the period 1978-2012.Notwithstanding concerns that trade openness through RTAs can heighten exposure to shocks, in particular when it leads to increased...
Persistent link: https://www.econbiz.de/10013015607
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Food Prices and the Multiplier Effect of Trade Policy
Giordani, Paolo E. - 2015
This paper studies the relationship between trade policy and food prices. We show that, when individuals are loss averse, governments may use trade policy to shield the domestic economy from large food price shocks. This creates a complementarity between the price of food in international...
Persistent link: https://www.econbiz.de/10013021787
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Trade Policy Implications of a Changing World : Tariffs and Import Market Power
Jakubik, Adam; Keck, Alexander; Piermartini, Roberta - 2023
Economic theory suggests that countries’ tariff commitments in trade agreements reflect their import market power at the time of negotiations. However, as countries grow, their market power in different sectors can change in unforeseen ways and their commitments may no longer reflect changed...
Persistent link: https://www.econbiz.de/10014262982
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Globalization, Tax Competition and the Future of Tax Systems
Tanzi, Vito - 2006
This paper discusses the implications for tax systems of globalization of capital markets and of economies. It shows the extent to which particular taxes are affected by the globalization process. It speculates on future developments in this area and on tax competition
Persistent link: https://www.econbiz.de/10012781971
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Can International Technological Diffusion Substitute for Coordinated Global Policies to Mitigate Climate Change?
Barrett, Philip - 2022
In short, yes. I use a multi-region integrated assessment model with fuel-specific endogenous technical change to examine the impact of Europe and China reducing emissions to zero by mid-century. Without international technological diffusion this is insufficient to avoid catastrophic climate...
Persistent link: https://www.econbiz.de/10013306786
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Climate Policy Options : A Comparison of Economic Performance
Chateau, Jean; Jaumotte, Florence; Schwerhoff, Gregor - 2023
We use a global computable general equilibrium model to compare the economic performance of alternative climate policies along multiple dimensions, including macroeconomic outcomes, energy prices, and trade competitiveness. Carbon pricing which keeps the aggregate cost lower and preserves better...
Persistent link: https://www.econbiz.de/10014264214
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Supply Spillovers During the Pandemic : Evidence from High-Frequency Shipping Data
Cerdeiro, Diego; Komaromi, Andras - 2021
World trade contracted dramatically during the global economic crisis induced by the COVID-19 pandemic. Disruptions in international supply chains were widely reported as governments imposed containment measures (lockdowns) to halt the spread of the disease. At the same time, demand declined as...
Persistent link: https://www.econbiz.de/10013250078
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Border Carbon Adjustments : Rationale, Design and Impact
Keen, Michael; Parry, Ian; Roaf, James - 2022
This paper assesses the rationale, design, and impacts of border carbon adjustments (BCAs). Large disparities in carbon pricing between countries raise concerns about competitiveness and emissions leakage. BCAs are potentially the most effective domestic instrument for addressing these...
Persistent link: https://www.econbiz.de/10013306745
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Winning Connections? Special Interests and the Sale of Failed Banks
Igan, Deniz - 2018
We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We … higher costs in such auctions, amounting to 16.4 percent of the total resolution losses. We also find that lobbying winners … have worse operating and stock market performance than their non-lobbying counterparts, suggesting that lobbying results in …
Persistent link: https://www.econbiz.de/10012929952
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Bank Lobbying : Regulatory Capture and Beyond
Igan, Deniz; Lambert, Thomas - 2021
In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences … through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the … interpreted as a call for an outright ban of lobbying, they point in the direction of a need for rethinking the framework …
Persistent link: https://www.econbiz.de/10013250099